2575 70Th StShreveport, LA 71105
High-return auto shop investment. Strong tenant, long lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 113
Highlights
- 12,720 SF single-tenant net-leased retail building occupied by Gerber Collision & Glass.
- Located at 2575 E 70th St, Shreveport, LA 71105, on a 1.29-acre lot.
- Strong 6.48% cap rate and $149,055 NOI.
- 10-year lease (March 18, 2022 commencement) with approximately 7.3 years remaining, including 10% rent increases every five years.
- Asking price: $2,300,000 ($180.82/SF).
- Recently completed roof replacement with a 20-year warranty (January 2024).
Property Details for 2575 70Th St
- Property type
- Retail properties, Auto shops
- Square Feet
- 12,720 SF
- Year Built
- 2000
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 56,192 SF
Location Insight
- City
- Shreveport
- County
- Caddo Parish
- State
- Louisiana
- Latitude
- 32.4520306
- Longitude
- -93.6941306
Nearby Similar for Sale
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